Latin America and the Caribbean: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Latin America and the Caribbean

In 2022, after five years of growth, there was significant decline in the Latin American market for bottles, jars and other containers of glass, when its value decreased by X% to $X. Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level of $X.9B, and then fell remarkably in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Latin America and the Caribbean

In value terms, glass bottle, jar and container production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Bottles, Jars And Other Containers Of Glass

Exports by Country

Mexico was the main exporter of bottles, jars and other containers of glass in Latin America and the Caribbean, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Peru (X units), Trinidad and Tobago (X units), Chile (X units), Costa Rica (X units) and Guatemala (X units), together committing a X% share of total exports. Argentina (X units) took a relatively small share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of bottles, jars and other containers of glass. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2020-2022. Guatemala, Trinidad and Tobago, Chile and Costa Rica experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2020 to 2022, the share of Mexico, Trinidad and Tobago, Chile, Costa Rica, Guatemala and Argentina increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest glass bottle, jar and container supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, glass bottle, jar and container exports increased at an average annual rate of X% over the period from 2020-2022. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a sharp decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports by Country

Colombia was the major importer of bottles, jars and other containers of glass in Latin America and the Caribbean, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Mexico (X units) ranks second in terms of the total imports with a X% share, followed by Brazil (X%), the Dominican Republic (X%) and Peru (X%). Cuba (X units), Jamaica (X units), Guyana (X units), Argentina (X units) and Guatemala (X units) held a relatively small share of total imports.

Colombia experienced a relatively flat trend pattern with regard to volume of imports of bottles, jars and other containers of glass. At the same time, Brazil (X.8%), Mexico (X.5%) and Argentina (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X.8% from 2019-2022. Jamaica, Guyana, Guatemala, the Dominican Republic and Peru experienced a relatively flat trend pattern. By contrast, Cuba (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Brazil (X p.p.), the Dominican Republic (X p.p.), Peru (X p.p.), Cuba (X p.p.), Jamaica (X p.p.), Guyana (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total imports from 2019-2022, the share of Argentina (X p.p.) and Mexico (X p.p.) displayed negative dynamics.

In value terms, the largest glass bottle, jar and container importing markets in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and the Dominican Republic ($X), with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a dramatic curtailment. The growth pace was the most rapid in 2020 a decrease of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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